17
Oct
14:50
Yongxing Materials forecasts surging Q3 profits
Yongxing Materials, a listed Chinese stainless steel enterprise, forecasts rapid profit growth in the third quarter and the first nine months of 2022, Kallanish learns from its exchange filing.
In Q3, the firm’s net attributable profit is estimated to reach CNY 1.92-2.14 billion ($267-298 million), surging 801.63%-909.72% from a year earlier.
Over January-September, the expected net profit is CNY 4.18-4.4 billion, which skyrocketed 660%-700% over the same …
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Anonymous
Very good overview of the weekly steel market.
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